[Apocryphon]

Not to mention that Argentina was doing quite well for itself at the onset of the 20th century- unfortunately political instability and other challenges hamstrung it since then. If some rolls of the dice had gone differently, it would be solidly in first place status by now, same as Chile.

[ghaff]

That was my main point. Given different political culture and other factors along those lines, southern South America may not have the great resources and land mass that the US did and does, but you can't really write them off for geographical determinism reasons. Were those countries really in a worse position with respect to resources, climate, etc. than, say, Australia?

[notfromhere]

Argentina's economic miracle fell apart due to constant shift in power between the agrarian landowners and the urban workers.